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China, Hong Kong stocks track regional peers lower on oil-driven inflation fears
Thursday, September 10, 2026 12:30 WIB
Published on 09/10/2026 at 12:45 am EDT
(Reuters) - Mainland China and Hong Kong stocks slipped on Thursday, as escalating Middle East tensions rekindled concerns over higher oil prices and inflationary pressures.
** At the midday break, the benchmark Shanghai Composite index dropped 0.4%, while the blue-chip CSI300 index also lost 0.4%.
** The smaller Shenzhen index was down 0.7%, the startup board ChiNext Composite index fell 0.2% and Shanghai's tech-focused 50 index eased 0.4%.
** In Hong Kong, the benchmark Hang Seng index fell 1.3%, while the city's tech shares dropped 2.1%.
** Asian stocks slid as the biggest wave of attacks on shipping in the war with Iran kept oil prices above $100 a barrel.
** Meanwhile, traders and analysts are anxiously awaiting U.S. inflation data due later this week, seeking fresh clues on the Federal Reserve's policy outlook and its potential impact on global financial markets.
** "September FOMC decision remains a close call as investors await U.S. CPI release," analysts at OCBC Bank said in a note.
** The yield premium of the 10-year U.S. Treasury over its Chinese counterpart widened to the highest level on record, driven by a surge in U.S. yields amid worries that rising oil prices could fuel inflation.
** U.S. companies in China have grown more optimistic about their business prospects after confidence hit a record low last year amid political tensions, intense domestic competition and slowing economic growth, a survey showed on Thursday.
** Separately, Chinese artificial intelligence startup DeepSeek has tapped CITIC Securities to prepare for an initial public offering on Shanghai's tech-focused Market, sources told Reuters.
(Reporting by Shanghai Newsroom; Editing by Jochelle Mendonca)
Sumber : Reuters